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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 680.28-0.5%4:00 PM EST
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To: Logain Ablar who wrote (46750)5/29/2011 2:31:18 AM
From: Johnny Canuck  Read Replies (1) of 68479
 
Some of the food inflation is tied to the increase in fuel to grow and transport the food though.

I remember hearing a comment from an economist, Jeffrey Rubin I think, about peak oil. He said that local grown food would start to re-emerge and the cost of transporting food would make it uncompetitive. I think the tipping point is $140 oil for that scenario. Though I think he also called for abobe $200 oil at some point. So take his analysis with a grain of salt.
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